These 10 2022 Trucks Have the Worst Resale Values
Wouldn’t it be nice if our trucks all held their value? Unfortunately, the second you drive a new truck off the dealer’s lot it’ll lose thousands of dollars in value. Then, as you add miles, it’ll sadly lose even more value. However, not all trucks are created equal and some tend to lose their value sooner than others.
Some of us don’t care about resale value and will only drive a Ford or a Ram. But for those of us who do, these are five trucks to stay away from.
2022 GMC Canyon
There’s a new GMC Canyon on the horizon, and with this all-new truck coming soon the old one already looks ancient. The new 2023 Canyon will be bigger, have more power, and more capability under its prettier face. The 2022 Canyon is the last of the line for the previous generation that sold well, and it offered cool options like a stout diesel engine. However, according to MotorTrend, the truck will only keep 59.9 percent of its resale value in five years of ownership.
2022 Ram 1500
Ram owners (ahem) are very proud of their big Rams. They have some of the nicest interiors in the business, and with an independent rear suspension they have a much smoother ride than the competition, with only a slight penalty in payload. The current Ram was all new in 2019, but it retains its old powerful, but thirsty, 5.7-liter Hemi V8. However, the truck will only keep 59.8 percent of its value over five years.
2022 GMC Sierra 3500 HD
Big heavy-duty trucks are great for doing big jobs. The Sierra 3500HD, either with the monster diesel or a V8 is up for anything. But these trucks are starting to look old, especially inside. That’s likely one of the reasons GMC is updating the truck heavily for 2024 and giving it an all-new suit. Though these workhorses will last for years, after five years of ownership you’ll only retail 59.8 percent of their resale value.
2022 Ram 2500
Like the big Sierra, the big Ram 2500 heavy-duty truck will last for years. But, also like the Sierra, the big Rams just went through a big update for 2023. While the Rams have always looked good, especially inside, the new 2500 has a more stylish exterior and interior that makes the 2022 seem like a much older truck. That’s one of the reasons that it will only retain 59.3% of its value, according to MotorTrend.
2022 Chevy Colorado
Like its GMC twin the Canyon, the Colorado will soon be replaced by a newer, and more capable, version of the truck. The midsize Colorado, though, is an eager companion for Home Depot runs, towing, and the Z71 and ZR2 trims are great when you want to tackle off-road trails. The truck’s styling, though, started to look dated not long after it was introduced. The Colorado will retain 59.3% of its resale value.
2022 Ford Ranger
Are you sensing a pattern here? Like many of the other trucks on the list, the Ranger, too, is getting a major refresh. The 2022 Ranger is a great truck, but the new one is promising even more. Maybe that’s why it only retains 59.2% of its value.
2022 Ram 3500
Like its slightly smaller brother, the 2022 Ram 3500 is built to do hard work and it can tow an amazing amount of weight with its Cummins diesel. But, the 2023 update suddenly made the 2022 look dated. Sorry, Ram owners, but this truck only holds 58.6% of its value.
2022 Nissan Frontier
The Frontier was totally redesigned for the 2022 model year, and it is a truck that impresses. It’s one of a new breed of mid-size trucks that have nearly all the capability of a full sized truck, but without the size. The new Nissan Frontier is a solid platform that, unfortunately, does not get a lot of love and only retains 58% of its value.
2022 Hyundai Santa Cruz
The Santa Cruz is a truck, but barely a truck. Yes, it has a bed and it can tow an haul an impressive amount. But at its core it’s simply a Santa Fe with a bed. That means you get great on-road manners, a smooth ride, and it even comes with a factory sliding tonneau cover. But, the Santa Cruz isn’t for everyone and that’s why it only retains 57.2% of its value.
2022 Honda Ridgeline
The Honda Ridgeline wins tons of awards for being one of the best trucks you can buy for the money. Like the Santa Cruz, it’s built on a unibody, but unlike the Santa Cruz it has many features that truck buyers want, and some they didn’t know they wanted, like the in-bed trunk. The Ridgeline got several new packages for 2022 that added some flair, but it still only retains 56.9% of its value.